In 2024 Hines, on behalf of its Hines European Property Partners (HEPP) core-plus fund, acquired its first asset in Sweden. The production facility, currently under construction in Jönköping, is located in an established industrial center in the south of the country on the shore of lake Vättern.
Construction of this 129,500 square-meter facility began in 2021 and is scheduled for completion in autumn 2024. The project is targeting a BREEAM Excellent rating, consistent with HEPP’s objectives to meet the demand for environmentally and socially sustainable buildings.
While the project will become Nobia’s key manufacturing facility, producing custom-built kitchens for some of the industry’s leading brand names, the asset is designed so that it may also be used for traditional logistics and distribution uses.